Filing of returns with the Government within stipulated dates is important for a taxpayer to avoid payment of any Interest and Penalty.
Being the first year of implementation of GST law, Government has provided several relaxations to taxpayers, one such being time extension for filing of GST returns.
A GST calendar can help you remember when to file your returns. Forms GSTR-1, 2, 3 are to be a filed by a person registered under GST for each month other than the people who are registered under the composition scheme. A person registered under the composition scheme has to file GSTR-4 under GST for each quarter.
For the months July 2017 to March 2018, GSTR-3B is also required to be filed. GSTR 3B is a simple summary return that has to be filed by every GST registrant.
Here is a quick look at upcoming Statutory due dates in January 2018 :
Order No. 09 and 10/2017 dated 15th November 2017 has extended the due date for filing of GST TRAN-1 to 27th December 2017
23rd GST Council Meet on 10th November 2017
Relief in GSTR compliance
- All businesses to file GSTR-1 and GSTR-3B till March 2018.
- GSTR-2 and GSTR-3 filing dates for July 2017 to March 2018 will be worked out later by a Committee of Officers
- Turnover under Rs 1.5 Cr can also opt to file quarterly GSTR-1
- Turnover above Rs 1.5 Cr have to file monthly GSTR-1
- All businesses to file GSTR-3B by 20th of next month till March 2018.
Extension of GSTR-1 filing Due Dates
For turnover upto Rs 1.5 cr
|Period (Quarterly)||Due dates|
|July- Sept||10th Jan 2018|
|Oct- Dec||15th Feb 2018|
|Jan- Mar||30th April 2018|
For turnover of more than Rs 1.5 cr
|July to Nov 2017||10th Jan 2018|
|Dec 2017||10th Feb 2018|
|Jan 2018||10th Mar 2018|
|Feb 2018||10th Apr 2018|
|March 2018||10th May 2018|
Others GSTR filing extensions
|Return||Revised Due Date||Old Due Date|
|GSTR-5 (for Non-Resident)||31st Jan 2018||11th Dec 2017|
|GSTR-5A(By person supplying OIDAR)||31st Jan 2018||15th Dec 2017|
|GSTR-4 (for Composition Dealers)||24th Dec 2017||18th October 2017|
|GSTR-6 (for Input Service Distributor)||31st Dec 2017||13th August 2017|
As per 22nd GST Council meeting of 6th October 2017
- Businesses with annual turnover up to 1.5 crores will submit quarterly returns. Taxes will be paid quarterly.
Due dates of filing GSTR-3B for August to December
|Month||Last Date of filing GSTR-3B|
|August 2017||20th September 2017|
|September 2017||20th October 2017|
|October 2017||20th November 2017|
|November 2017||20th December 2017|
|December 2017||20th January 2018|
|January 2018||20th February 2018|
|February 2018||20th March 2018|
|March 2018||20th April 2018|
Having known the dates now, make sure to mark this on your calendar!